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Mountain Province Diamonds Announces Filing of Technical Report for Gahcho Kué Diamond Mine, Featuring Pre-Tax/Royalty NPV Attributable to Mountain Province Diamonds of $1,233M
Mountain Province Diamonds Announces Filing of Technical Report for Gahcho Kué Diamo...
About this update from Mountain Province Diamonds Inc.
[{"type":"text","content":"\n \n \n \n Mountain Province Diamonds Announces Filing of Technical Report for Gahcho Kué Diamond Mine, Featuring Pre-Tax/Royalty NPV Attributable to Mountain Province Diamonds of $1,233M\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSX and OTCQX: MPVD\n \n \n \n \n TORONTO\n \n and\n \n NEW YORK\n \n ,\n \n March 28, 2022\n \n /CNW/ - Mountain Province Diamonds Inc. (\"Mountain Province\", or the \"Company\") (TSX and OTCQX: MPVD) today announces the filing of technical report (the \"Report\") for the Company's Gahcho Kué Mine entitled, Gahcho Kué Mine NI 43-101 Technical Report, with effective date of\n \n December 31, 2021\n \n .\n \n \n \n Highlights of the updated Gahcho Kué NI 43-101 technical report filed include:\n \n \n \n \n Pre-Tax/Royalty NPV 7.5% attributable to Mountain Province Diamonds of\n \n $1,233M\n \n \n \n Post-Tax/Royalty NPV 7.5% attributable to Mountain Province Diamonds of\n \n $964M\n \n \n \n Net\n \n 2.6M\n \n Carats in Reserve additions, before depletion\n \n \n Resource additions offsetting depletion\n \n \n 42.6 Million Carats of Reserves grading 1.51 Carats per Tonne.\n \n \n 3.0 Million Carats of Indicated Resources grading 1.25 carats per tonne and 20.3 Million Carats of Inferred Resources grading 1.72 carats per tonne, exclusive of Reserves at\n \n December 31, 2021\n \n .\n \n \n New Life-of-Mine plan featuring 3.6Mtpa processing rate, improving Net-Present Value\n \n \n Eleven-percent increase in reserve grade of the Tuzo Kimberlite to 1.33 carats/tonne at year-end 2021, vs 1.20 carats/tonne at year-end 2020.\n \n \n \n \n \n Mark Wall\n \n , the Company's President and Chief Executive Officer, commented:\n \n \n \n \n \"\n \n This technical report represents an important step of the process to unlock value for all Mountain Province Diamonds stakeholders. The strong economics shown in this technical report, combined with the recently announced impairment reversal and favorable supply and demand dynamics in the market are all strong signals of the significant value o...